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Valuable Information for Flipping Real Estate from Armando Montelongo of the Hit A&E Series “Flip This House”
As many of you know, I have been on an interesting journey since making my debut in Real Estate Reality Television by virtue of the HGTV hit series “My First Place.” One of the greatest joys for me has been meeting a variety of new people who share my passion for real estate and my love for the emerging media called reality television. I have had the good fortune of getting to know David & Melina Montelongo and Armando and Veronica Montelongo all from the A&E show “Flip this House,” and successful real estate investors from San Antonio, Texas.
As I have previously posted, I have had David Montelongo on my radio show and have posted his tips for real estate investors. Please see: One hour of education from an expert…PRICELESS. In addition, we are looking forward to participating in David and Melina’s investor workshops this summer and fall in Texas.There is something very important that I want to share with you today. Armando Montelondo has authored a new e-book titled “Flip it Now!” and as part of the launch Armando is making five pages available to you free of charge.If you are interested in obtaining your five free pages of the book click on this link: Armando Montelongo’s E-Book Free OfferArmando has also teamed up with Internet millionaire Joel Therien, president of http://www.hotconference.com/ a very popular website and has launched a new site Armando Montelongo . Armando Montelongo’s new site is very different in that it allows people to communicate in real time audio and video conferencing in a secure environment. People can join free knowing that others on the site will enjoy learning about their opportunities. The site is a social networking site catered to one market, entrepreneurial people and business opportunity seekers. “The site is there for all types of people who want to meet with others who have some of the same business interests” says Therien. The site caters to success minded individuals.You can visit the site at: Armando Montelongo SiteI welcome your feedback in an effort to make this blog even a more valuable resource for real estate brokers and investors!James(c) Copyright 2008-2009 James A. Holmes. All Rights Reserved.
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James Holmes has spent more than 25 years working as a successful real estate and mortgage banking professional. James teaches others how to utilize both online and offline techniques to help you grow a successful business. James also works with a select group of private investors to provide financing for commercial and multi-unit residential real estate transactions. To request a free 30 minute consultation contact James by phone at 303-523-9503 or email at james@privatemortgagebanking.net
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Is a Second Home Right for You?
For many, wanderlust is just a part of life. You buy a beautiful home somewhere, settle down, have a family, but there is always a part of you that’s itching to get away. Vacations are part of that wanderlust; the chance to get away someplace beautiful. And then you see it. The local newspaper at your vacation destination, and lo and behold, there is a real estate section right there. Dare you even look? You can’t afford it, can you? Two homes? Is dual home ownership for you?
A second home can work for you, but you have to go into the process knowing what to expect. If you’re looking to get rich quick, don’t count on it. According to recent data, the price of real estate in areas that are deemed “Vacation Markets” has risen twice as fast as real estate in other areas. So, not only is a second home in your destination of choice going to cost you a pretty penny, it’s no longer a well-kept secret anymore and the chances of you flipping it to make a quick buck are slim.
The best piece of advice a possible vacation home buyer can heed right now is to buy for love not for money. Recent sharp downturns in vacation markets like Naples, Florida, Lake Tahoe, Nevada and Cape Cod, Massachusetts, have shown that trying to turn a profit in a vacation market is close to impossible. But there is a bright side to all of this. With the housing bubble going poof all across the country, those that are looking to sell will be doing so at lower prices. Now could be a great time to buy a place that you’re planning on keeping for a long while.
But how do you know if you have your head on straight about the whole thing? Well, take some time and evaluate the pluses and minuses of buying another home. Once you’ve decided on a area, spend some time there to make sure you like it. If it’s going to be a vacation home, you’ll want the scenery to be relaxing (if that’s what you’re looking for) or exciting (if that’s what you go on vacation to experience). A final check should be the bottom-line cost. If the price of the two houses makes up more than one third of your total income, you’ve spent too much.
Buying property is a huge investment for everyone, even the rich. Take the time to properly evaluate the pros and cons before you decide to own a second home or you could find yourself on a permanent vacation.
(c) Copyright 2008-2009 James A. Holmes. All Rights Reserved.
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James Holmes, Global Team Builder, Coach and Trainer, combining online and offline techniques to help you grow your business. To request a free 30 minute consultation contact James by phone at 303-523-9503 or email at
james@AskJamesHolmes.com*************************
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